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Costing / Pricing Analyst
ITT Inc.Vadodara, Gujarat, India6 hours ago
Job descriptionPump / Motor / Seal Plan knowledge Knowledge on API 610 / 682 Knowledge on Motors, Lub systems or seal systems. Chemical and Oil & Gas industry knowledge Knowledge on Inco terms, Local Taxes, Duties etc., Knowledge on Application / Techno commercial Proposal preparation. Knowledge on costing for large size project considering the long term project risk. Interpersonal and communication skills. Proactive and results-oriented mindset with the ability to prioritise and manage multiple projects simultaneously. BE / Btech (Mech) with min 5 years of experience in relevant industry. MBA or advanced degree is a plus. Decision-Making Under Pressure : Ability to make timely and sound decisions in high-stakes or time-sensitive scenarios. Communication and Interpersonal Skills : Clear communication with internal stakeholders, vendors, and cross-functional teams. Analytical Mindset : Proficiency in analyzing data to drive purchasing decisions and supplier performance improvements. Adaptability and Problem-Solving : Flexibility to manage changing market conditions, supply chain disruptions, and unexpected vendor issues Customer-Centric Approach : Focus on internal client satisfaction by ensuring timely and cost-effective procurement. Attention to Detail : Precision in reviewing contracts, specifications, and procurement documents
Position Summary
The Pricing Analyst plays a critical role in managing global pricing activities for global / domestic accounts and providing insights to drive profitability and growth for the organisation. This position requires a strong analytical mindset, excellent problem-solving skills, and the ability to work collaboratively with cross-functional teams.
It’s an exciting time to be part of ITT India. ITT is not staying put. We are continually learning and evolving. Our passion delivers our success — not only for ITT but for those who count on us every day : our employees, customers and communities.
Essential Responsibilities
Responsibilites :
- Lead discussions to consult with business leaders to generate insights on customer price sensitivities, market intelligence, and profitability impacts, with the objective of Profit optimization.
- Review of BID / Tender / RFQ / Customer specs / TQ received from Sales / Application.
- Float RFQ to Advance Procurement Team / vendor for Buyout offers.
- Review & finalize Techno commercial Vendor offers / TQ.
- Close coordination with sales / Application team for Technical / commercial change / requirement
- Organize and participating in review meetings with customer / project consultants / vendor to freeze the requirement / deviation.
- Technical Bid Evaluation for various bought out items.
- Preparation of detail techno‐commercial offer.
- Inco term / duty benefit
- Develop and maintain pricing models to optimise pricing strategies and drive profitability.
Position Requirements
Skills / Knowledge sought
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Pricing Analyst • Vadodara, Gujarat, India
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